Solana Hits A New All Time High | Weekly Roundup

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Nov 29, 2024

This week, the discussion centers around Solana reaching a new all-time high, igniting excitement in the crypto community. They delve into the drama surrounding Pump.fun and debate the impact of memes on cryptocurrency culture. The conversation also touches on the complexities of decentralization and the innovations brought by Chaos Labs' new oracle product, Edge. Lastly, they explore the future of meme coins within the Solana ecosystem and the balance between speculation and sustainable innovation.

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ANECDOTE

Mert's CNBC Arabia Outfit

Mert Mumtaz wore business casual attire for a CNBC Arabia interview about Solana.
He had to buy the outfit the morning of the interview because crypto is typically informal.

INSIGHT

Solana's All-Time High

Solana hit a new all-time high, vindicating Mert Mumtaz's belief in the platform.
He sees this as vindication for his work and sacrifices during challenging times.

ANECDOTE

Pump.fun Controversy

Pump.fun, a Solana meme coin launchpad, faced controversy over violent and disturbing live streams.
The platform disabled live streams after public outcry, marking a shift in their response to criticism.

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Gm! This week, we're back with another roundup. We deep dive into Solana's new all time high, the Pump.fun drama, are memes positive for crypto & more. Enjoy!

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Chaos Labs, the leading onchain risk management firm, recently launched its new flagship oracle product, Edge, which delivers integrated, high precision risk and price data for any onchain application with a market.

Edge emerged from stealth after 2 months securing Jupiter, the top trading platform on Solana, already securing $30B in volume and more than 60% of all Solana perps volume. https://chaoslabs.xyz/

Ledger, the global leader in digital asset security, proudly sponsors the Lightspeed podcast. As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your Solana assets. Buy a LEDGER™ device now and build confidently, knowing your SOL are safe.

Buy now on https://shop.ledger.com/?r=1da180a5de00.

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(00:00) Introduction

(04:16) Solana Hit's A New All Time High

(07:26) Pump.fun

(13:39) Chaos Labs Ad

(14:39) Ledger Ad

(15:37) Are Memes Positive Or Negative For Crypto?

(29:59) Increase Bandwidth Reduce Latency

(35:55) Financialization In Crypto

(39:27) Short-Termism vs Long Term Building

(43:40) Crypto IPOs

(45:38) Timely Vote Credits

(53:38) The Crypto Elevator Pitch

Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Jack, and our guests may hold positions in the companies, funds, or projects discussed.